HEre is a really good page on how our currency system is so f'ed up--minus the conspiracy theories and satanic imagery.

http://www.kwaves.com/fiat.htm
In a fiat money system, money is not backed by a physical commodity (i.e.: gold). Instead, the only thing that gives the money value is its relative scarcity and the faith placed in it by the people that use it. A good primer on the history of fiat money in the US can be found in a video provided by the Mises.org website.

In a fiat monetary system, there is no restrain on the amount of money that can be created. This allows unlimited credit creation. Initially, a rapid growth in the availability of credit is often mistaken for economic growth, as spending and business profits grow and frequently there is a rapid growth in equity prices. In the long run, however, the economy tends to suffer much more by the following contraction than it gained from the expansion in credit. This expansion in credit can be seen in the Debt/GDP ratio. We track the bubbles created by this expansion of debt at the inflation / deflation page.

In most cases, a fiat monetary system comes into existence as a result of excessive public debt. When the government is unable to repay all its debt in gold or silver, the temptation to remove physical backing rather than to default becomes irresistible. This was the case in 18th century France during the Law scheme, as well as in the 70s in the US, when Nixon removed the last link between the dollar and gold which is still in effect today.

Hyper-inflation is the terminal stage of any fiat currency. In hyper-inflation, money looses most of its value practically overnight. Hyper-inflation is often the result of increasing regular inflation to the point where all confidence in money is lost. In a fiat monetary system, the value of money is based on confidence, and once that confidence is gone, money irreversibly becomes worthless, regardless of its scarcity. Gold has replaced every fiat currency for the past 3000 years.

Thomas Jefferson warned of the damage that would be caused if the people assigned control of the money supply to the banking sector, "I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. This issuing power should be taken from the banks and restored to the people to whom it properly belongs. If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered. I hope we shall crush in its birth the aristocracy of the moneyed corporations which already dare to challenge our Government to a trial of strength and bid defiance to the laws of our country" Thomas Jefferson, 1791

Most of the stuff I have read about NWO type stuff focuses on the fascination that many of the elites seem to have with freemasonry and world government under the UN or whatever. But I don't think that's the real point. I have a hunch that the real holy grail for them is a one-world currency, subject to their enlightened management of course, and empowering the UN is simply a means to that end. (And I tend to think that the fascination with masonic and occult symbols is a smokescreen to make any criticism of the one-worlders more sensationalistic and unbelievable to laypersons.) The problem with a nation-by-nation fiat currency is, people can always move assets into another currency, limiting your ability to rip people off.

Another problem is that you have constantly floating exchange rates, which causes all sorts of problems. Having one currency *is* actually a good thing, because it stops trade deficits from going on for decades, and helps long-term economic calculation (who wants to sign a contract to pay in US dollars, when the value of that dollar may go up or down relative to your nation's currency in 5 years? You may end up oweing more than you thought). We used to have a universal currency, namely gold. But that's not what they will propose of course. John Maynard Keynes already proposed a one-world currency a long time ago called the "Bancor".

I think there is a coming crisis with the dollar, not as bad as weimar Germany perhaps, but worse than what we had in the 70's. The dollar is the de facto international currency now, so that will cause all sorts of problems. This will drive up the price of gold to stratospheric levels, and somehow or another, gold will be scapegoated (sort of like blaming your oil guage for causing engine damage after it reads zero, if A comes before B then A must have caused B, right?). Of course when there is a crisis, politicians start itching to come up new government-empowering schemes to "solve" it. Previously untouchable ideas suddenly gain merit. Then we'll start hearing trial balloons being floated: "Look at the dangers of having all these different currencies. Look at the dangers of letting the gold speculators run wild. What we need is a UN comittee to look into this." When you hear this, hold on to your wallet (if it's contents are still worth anything).

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